Free Trial

Preview 7Y Note Auction

US TSYS/SUPPLY

Tsy $35B 7Y-Note auction (91282CFT3) at the top of the hour, WI currently running around 3.995%, 9.7bp cheap to last month's stop.

  • September auction recap: Tsys held near session highs after $36B 7Y note auction (91282CFL0) stopped through: 3.898% high yield vs. 3.905% WI; 2.57x bid-to-cover vs. 2.65x prior month.
    • Indirect take-up: fell to 62.49% vs. 75.72% prior
    • Direct take-up: bounced to 24.66% vs. 15.70% prior
    • Primary dealer take-up: bounced to 12.85% vs. last month's 8.58%
  • Timing: The 7Y note results will available shortly after the competitive auctions closes at 1300ET.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.